BTC and ETH Market Analysis on August 20th: BTC, ETH Highlights Today
Market Review
Yesterday, BTC continued to adjust and consolidate, with a 4-hour trend showing changes, declining momentum weakening, initial low divergence pattern observed, daily trend remains healthy, downward momentum starting to weaken, weekly trend maintaining health, focus on fundamental information, Federal Reserve interest rate cuts, expected to maintain range-bound trading during the day, with a new weekly upward cycle starting in the larger cycle
Ethereum followed BTC in continued adjustment and consolidation, 4-hour trend showing changes, initial low divergence pattern observed, daily level remaining healthy, expected to maintain range-bound trading during the day
Altcoins synchronized with mainstream cryptocurrencies in pullback, altcoin index slightly correcting, market sentiment still low, monitoring BTC market dominance, fiat buy signals, judging altcoin launch signals, ETH-related coins heavily influenced by ETH, Pendle can be continued to hold, recent Binance activities frequent, Alpha points activities ongoing, points can be accumulated, opportunities for rewards
Today's Highlights:
BTC 1-hour and 4-hour levels below healthy range, daily level below healthy range, expected to maintain range-bound trading during the day, lower support 112,000-113,000, upper resistance 114,500-115,500
ETH 1-hour and 4-hour levels below healthy range, daily level returning to healthy range, expected to maintain range-bound trading during the day, lower support 4,000-4,050, upper resistance 4,200-4,300
